Equinix, Inc. (NASDAQ:EQIX) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its position in Equinix, Inc. (NASDAQ:EQIX) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,453 shares of the financial services provider’s stock after selling 2,037 shares during the period. Equinix accounts for 2.3% of Motley Fool Wealth Management LLC’s portfolio, making the stock its 9th largest holding. Motley Fool Wealth Management LLC’s holdings in Equinix were worth $45,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Equinix by 302.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,082,455 shares of the financial services provider’s stock worth $960,820,000 after purchasing an additional 813,666 shares during the last quarter. Pathway Financial Advisers LLC boosted its holdings in Equinix by 89,348.4% in the third quarter. Pathway Financial Advisers LLC now owns 398,940 shares of the financial services provider’s stock worth $354,111,000 after purchasing an additional 398,494 shares in the last quarter. Adelante Capital Management LLC increased its position in Equinix by 202.3% during the third quarter. Adelante Capital Management LLC now owns 514,224 shares of the financial services provider’s stock worth $456,441,000 after buying an additional 344,114 shares during the last quarter. Principal Financial Group Inc. increased its position in Equinix by 14.5% during the second quarter. Principal Financial Group Inc. now owns 1,888,191 shares of the financial services provider’s stock worth $1,428,606,000 after buying an additional 238,883 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in Equinix by 104.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 314,741 shares of the financial services provider’s stock valued at $238,133,000 after buying an additional 160,906 shares in the last quarter. Institutional investors own 94.94% of the company’s stock.

Equinix Trading Down 0.1 %

Equinix stock opened at $963.65 on Wednesday. Equinix, Inc. has a 12 month low of $684.14 and a 12 month high of $994.03. The stock has a market cap of $92.98 billion, a price-to-earnings ratio of 86.89, a price-to-earnings-growth ratio of 2.48 and a beta of 0.72. The business has a 50 day moving average price of $905.77 and a two-hundred day moving average price of $835.66. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.12.

Equinix Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 13th will be given a $4.26 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $17.04 annualized dividend and a yield of 1.77%. Equinix’s dividend payout ratio (DPR) is currently 153.65%.

Analyst Upgrades and Downgrades

EQIX has been the subject of several recent analyst reports. Evercore ISI upped their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. TD Cowen increased their price target on Equinix from $865.00 to $984.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company lifted their price target on shares of Equinix from $875.00 to $975.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their price objective on shares of Equinix from $950.00 to $975.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group lifted their target price on shares of Equinix from $870.00 to $980.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $962.56.

Insiders Place Their Bets

In other Equinix news, insider Brandi Galvin Morandi sold 864 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $850.00, for a total transaction of $734,400.00. Following the completion of the transaction, the insider now owns 9,094 shares in the company, valued at $7,729,900. This trade represents a 8.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott Crenshaw sold 1,107 shares of Equinix stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $815.60, for a total value of $902,869.20. Following the sale, the executive vice president now directly owns 4 shares in the company, valued at $3,262.40. The trade was a 99.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,969 shares of company stock worth $10,033,525 over the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Equinix Company Profile

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.